Comments on: Finally, a reasonably priced home in Palo Alto

By: Renter

Renter — Thu, 29 Nov 2007 03:53:14 +0000

It is about the price of land. Robert Schiller has an analysis recently. What went up in terms of housing price is actually land price. Construction cost did not change much after adjusted for inflation. The housing bubble is land bubble.

By: DensityDuck

DensityDuck — Wed, 28 Nov 2007 21:28:37 +0000

The full basement will be useful when the Big One hits. The whole house will collapse into the basement, making rebuilding much easier.

By: PA Homeowner

PA Homeowner — Wed, 28 Nov 2007 05:19:42 +0000

The premium price is hard to explain, the scary thing is that about 2 block from this house a newly built mcmansion on a 6250 sq foot lot (with a full basement) recently went for $2.8 million. I really can’t explain that.

By: densityduck

densityduck — Wed, 28 Nov 2007 04:59:35 +0000

PA Homeowner: No doubt that explains the premium price.

By: PA Homeowner

PA Homeowner — Wed, 28 Nov 2007 04:34:14 +0000

Ex-Sunnyvale – I live around the corner from this house and it ain’t the slums. The apartments on Alma aren’t great, but they aren’t filled with housecleaners and gardeners either. Its more like poorer grad students and tech workers. The apartments aren’t cheap and the owners are the nosey kind who wouldn’t let 5 migrants live in one room.

Its as safe as any other part of Palo Alto, probably safer since there its not close to downtown and not next to East Palo Alto.

By: burbed

burbed — Wed, 28 Nov 2007 02:20:10 +0000

Er, that’s kind of in the slums though, if you don’t believe me, drive along Alma in that direction

I just took a look on Google Street View and on Live Maps – it really doesn’t look that bad there.

By: ex-sunnyvale-renter

ex-sunnyvale-renter — Wed, 28 Nov 2007 01:26:51 +0000

Er, that’s kind of in the slums though, if you don’t believe me, drive along Alma in that direction, endless apartments/barracks for everyone’s housecleaner, yard man, etc. Theft and crime are rather high there – I know someone who lives in a bit nicer part of that area and he’s had his car broken into, petty thefts, etc. Hasn’t been jacked only because he’s a BIG SCARY looking guy.

By: RealEstater

RealEstater — Tue, 27 Nov 2007 23:09:06 +0000

Guys, guys, look at the positives:

- “Wow” factor. You live in Palo Alto. As long as your friends don’t come to visit, they will be impressed.
- Best schools all around from elementary to world famous Gunn high.
- It’s under a million, and yet it’s not next to the freeway or Cal Train.
- You can always replace the house, and join the 2 million dollar club.
- Your friends’ house may go down with the housing downturn, but yours will only go up, because they ain’t making no more Palo Altos!

By: ex-sunnyvale-renter

ex-sunnyvale-renter — Tue, 27 Nov 2007 19:54:47 +0000

But it’s not that much in Weimar dollars! And the stream’s a good idea for when infrastructure goes all to hell, which could happen as soon as the next quake.

By: hedda

hedda — Tue, 27 Nov 2007 19:53:24 +0000

It’s a sad, sad day when a piece of shit like this house is “reasonably priced” at just under a million.